Ships Profit Taxation
Income derived from the international trade of Hong Kong registered ships is exempted from profits tax. HKSAR has also entered into double taxation relief agreements with 12 countries which include:
1.China 2.USA 3.United Kingdom 4.South Korea 5.New Zealand 6.Netherlands 7.Singapore 8.Belgium 9.Denmark 10.Sri Lanka 11.Norway 12.Germany
Read more about this topic: Ship Registration In Hong Kong
Famous quotes containing the words ships, profit and/or taxation:
“Give blue-eyed men their swivel chairs
To whirl in tall buildings.
Allow them many ships at sea,
And on land, soldiers
And policemen.”
—Arna Bontemps (1902–1973)
“Phlebas the Phoenician, a fortnight dead,
Forgot the cry of gulls, and the deep sea swell
And the profit and loss.”
—T.S. (Thomas Stearns)
“The Government is able to afford a suitable army and a suitable navy. It may maintain them without the slightest danger to the Republic or the cause of free institutions, and fear of additional taxation ought not to change a proper policy in this regard.”
—William Howard Taft (1857–1930)